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    Property profile & analytics

    524 29th St Buena Vista, VA 24416-1506

    • Grocery and convenience stores
    • 1.11 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Last Sale
    Nov 21, 2023
    $225,000
    Location Intelligence
    Property ID
    US87-2881273
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 524 29th St

    Lot size
    1.11 lot acres
    Zone code
    B-1
    Property type
    Grocery and convenience stores
    APN
    27- 1- 5- 9- 8
    APU
    271598

    Description

    This exceptional investment opportunity features a brand-new, 10,000-square-foot Dollar Tree storefront in Buena Vista, Virginia. Built in 2024 and situated at 524 W 29th St (APN 15694), this single-story building boasts a 10-year net-net-net (NNN) lease with a Fortune 500 company, Dollar Tree (NYSE: DLTR), carrying an S&P investment-grade credit rating of BBB-. The lease includes four, five-year renewal options with a $0.50/SF rent increase in each option period. The tenant is responsible for all operating expenses, including taxes, insurance, HVAC, utilities, and parking lot maintenance; landlord responsibilities are limited to roof and structure. The property offers a strong 7.00% cap rate and a net operating income (NOI) of $150,300. Dollar Tree's established presence and significant expansion plans, adding 600+ stores annually, make this a secure and high-growth investment. The asking price is $2,147,000. This is a rare opportunity to acquire a newly constructed, corporate-guaranteed net lease property with a highly reputable tenant in a stable market. The projected opening is early fall 2024. This property presents a compelling investment opportunity with significant long-term potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $230,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $265,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $250,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $235,000
      Retail
      $250,000
      Mixed-Use
      $245,000
      Hospitality
      $270,000
      Educational
      $220,000
      Residential Income
      $275,000
      Energy
      $240,000
      Income-Based Land
      $230,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Buena Vista
    County
    Buena Vista City
    State
    Virginia
    Longitude
    -79.3575
    Latitude
    37.7421

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $60,000
    $0.00
    $60,000
    -
    $60,000
    $0.00
    $60,000

    Comparable in this City

    • Value Estimation by Request

      Buena Vista, VA 24416

      CONVENIENCE STORE
      Buena Vista, VA 24416
      View Details
    • Value Estimation by Request
      2.28 Acres

      Buena Vista, VA 24416

      CONVENIENCE STORE • 2.28 Acres
      Buena Vista, VA 24416
      View Details
    • Value Estimation by Request
      0.30 Acres

      Buena Vista, VA 24416

      CONVENIENCE STORE • 0.30 Acres
      Buena Vista, VA 24416
      View Details
    • Value Estimation by Request

      Buena Vista, VA 24416

      CONVENIENCE STORE
      Buena Vista, VA 24416
      View Details
    • Value Estimation
      $200,000

      Buena Vista, VA 24416

      CONVENIENCE STORE
      Buena Vista, VA 24416
      View Details
    • Value Estimation
      $335,000
      0.14 Acres

      Linden Ave

      CONVENIENCE STORE • 0.14 Acres
      Linden Ave, Buena Vista, VA 24416
      View Details

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    524 29th St
    Buena Vista, VA 24416-1506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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